Introduction To Economics

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Melor Masdoki

Malaysia

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Introduction To Economics


Froggy Jumps Introduction To EconomicsVersion en ligne Collect points! par Melor Masdoki 1 1. Fundamental economic problem? a Inflation b Scarcity c Unemployment 2 2. Value of the next best alternative? a Fixed Cost b Sunk Cost c Opportunity Cost 3 3. Natural resources are known as: a Land b Capital c Entrepreneurship 4 4. Man-made tools and machinery? a Labor b Enterprise c Land 5 5. PPC straight line indicates: a Constant costs b Increasing costs c Decreasing costs 6 6. PPC bowed outward indicates: a Constant costs b Decreasing costs c Increasing costs 7 7. Point inside the PPC? a Unattainable b Efficient c Inefficient 8 8. Point outside the PPC? a Efficient b Inefficient c Unattainable 9 9. Study of individual markets? a Macroeconomics b Normative Economics c Microeconomics 10 10. Study of the whole economy? a Microeconomics b Macroeconomics c Positive Economics 11 11. "What ought to be" statement? a Positive b Normative c Objective 12 12. "What is" factual statement? a Normative b Theoretical c Positive 13 13. Ceteris Paribus means: a Everything changes b Price is fixed c All else equal 14 14. Reward for Land? a Wages b Interest c Rent 15 15. Reward for Labor? a Profit b Interest c Wages 16 16. Reward for Capital? a Rent b Interest c Wages 17 17. Reward for Entrepreneurship? a Profit b Wages c Rent 18 18. Utility refers to: a Usefulness b Satisfaction c Cost 19 19. Marginal utility usually: a Increases b Stays constant c Diminishes 20 20. Economic growth on PPC is: a Shift Outward b Move along curve c Move to center 21 21. Reallocation of resources is: a Shift of PPC b Move along PPC c Point outside 22 22. Example of Capital? a A $100 bill b A forest c A delivery truck 23 23. Example of Land? a A tractor b Crude oil c A manager 24 24. Human Capital refers to: a Population size b Robot workers c Skills/Education 25 25. Basic economic questions? a Why/Where/When b What/How/For Whom c Who/What/Which 26 26. Adam Smith's concept? a Central Planning b Communism c Invisible Hand 27 27. Resource allocation in Market? a Price Mechanism b Dictator c Central Planner 28 28. Sustainability involves: a High consumption b Future needs c Max profit now 29 29. Opportunity cost of college? a Tuition only b The degree c Foregone wages 30 30. Disadvantage of Command? a High inequality b Lack of incentives c No public goods 31 31. Public goods are usually: a Overproduced b Underprovided c Market-driven 32 32. Scarcity applies to: a Only the poor b Only the rich c Everyone

Introduction To Economics

Froggy Jumps

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Créé par

Téléchargez la version pour jouer sur papier

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Froggy Jumps

Introduction To EconomicsVersion en ligne

par Melor Masdoki

1. Fundamental economic problem?

2. Value of the next best alternative?

3. Natural resources are known as:

4. Man-made tools and machinery?

5. PPC straight line indicates:

6. PPC bowed outward indicates:

7. Point inside the PPC?

8. Point outside the PPC?

9. Study of individual markets?

10. Study of the whole economy?

11. "What ought to be" statement?

12. "What is" factual statement?

13. Ceteris Paribus means:

14. Reward for Land?

15. Reward for Labor?

16. Reward for Capital?

17. Reward for Entrepreneurship?

18. Utility refers to:

19. Marginal utility usually:

20. Economic growth on PPC is:

21. Reallocation of resources is:

22. Example of Capital?

23. Example of Land?

24. Human Capital refers to:

25. Basic economic questions?

26. Adam Smith's concept?

27. Resource allocation in Market?

28. Sustainability involves:

29. Opportunity cost of college?

30. Disadvantage of Command?

31. Public goods are usually:

32. Scarcity applies to: